FuelCell Energy (NASDAQ:FCEL) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

FuelCell Energy, Inc. (NASDAQ:FCEL)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.66 and traded as high as $13.31. FuelCell Energy shares last traded at $12.72, with a volume of 1,946,125 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Jefferies Financial Group decreased their target price on shares of FuelCell Energy from $15.00 to $8.40 and set a “hold” rating on the stock in a research note on Friday, December 20th. Canaccord Genuity Group restated a “hold” rating and set a $12.00 price objective on shares of FuelCell Energy in a research report on Friday, December 20th. Wells Fargo & Company dropped their target price on shares of FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating for the company in a report on Wednesday, November 13th. StockNews.com initiated coverage on FuelCell Energy in a report on Tuesday, November 12th. They set a “sell” rating on the stock. Finally, UBS Group dropped their price objective on FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating for the company in a research note on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.23.

FuelCell Energy Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.97 and a current ratio of 6.91. The firm’s fifty day simple moving average is $9.90 and its 200 day simple moving average is $12.66. The firm has a market cap of $260.12 million, a P/E ratio of -1.63 and a beta of 3.41.

Institutional Trading of FuelCell Energy

Large investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its holdings in shares of FuelCell Energy by 7.5% in the third quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company’s stock valued at $28,000 after purchasing an additional 5,150 shares in the last quarter. Algert Global LLC purchased a new position in shares of FuelCell Energy in the 2nd quarter worth $29,000. AQR Capital Management LLC increased its holdings in shares of FuelCell Energy by 106.0% in the 2nd quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock worth $33,000 after buying an additional 26,223 shares during the last quarter. Bogart Wealth LLC increased its holdings in shares of FuelCell Energy by 21,285.7% in the 3rd quarter. Bogart Wealth LLC now owns 112,275 shares of the energy company’s stock worth $43,000 after buying an additional 111,750 shares during the last quarter. Finally, Banque Cantonale Vaudoise raised its position in shares of FuelCell Energy by 42.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 122,096 shares of the energy company’s stock valued at $46,000 after buying an additional 36,120 shares in the last quarter. Institutional investors own 42.78% of the company’s stock.

About FuelCell Energy

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.